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Definition

<p style="text-align: justify;">In terms of section 30 of the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">Companies Act</span>, a <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">company</span> is obliged to produce group consolidated <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">financial statements</span> in such a way that inter-company loans are eliminated, the minority or outsider <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">shareholders</span>' interests are highlighted and where all the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">subsidiary</span> companies' <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">balance sheets</span>, <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">income statements</span> and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">cash flow</span> statements are included.</p>